AustralianSuper Pty Ltd Makes New Investment in Karman Holdings Inc. $KRMN

AustralianSuper Pty Ltd bought a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) in the 4th quarter, HoldingsChannel reports. The fund bought 460,288 shares of the company’s stock, valued at approximately $33,679,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robert Wood Johnson Foundation bought a new stake in shares of Karman during the 3rd quarter valued at about $70,488,000. Congress Asset Management Co. bought a new position in Karman in the fourth quarter worth about $24,212,000. Federated Hermes Inc. bought a new position in Karman in the third quarter worth about $2,055,000. UBS Group AG boosted its stake in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after acquiring an additional 471,894 shares during the period. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Karman by 361.7% during the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock valued at $111,687,000 after purchasing an additional 1,211,845 shares during the last quarter.

Karman Stock Down 1.8%

Shares of Karman stock opened at $66.07 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.29 and a quick ratio of 3.17. Karman Holdings Inc. has a 1-year low of $41.29 and a 1-year high of $118.38. The business’s fifty day moving average price is $84.90 and its two-hundred day moving average price is $83.35. The company has a market capitalization of $8.76 billion, a P/E ratio of 287.29 and a beta of 0.68.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. Karman had a return on equity of 15.29% and a net margin of 5.73%.The company’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. As a group, research analysts forecast that Karman Holdings Inc. will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

KRMN has been the topic of several recent research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $130.00 price target on shares of Karman in a report on Thursday, January 22nd. Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. BWS Financial reaffirmed a “sell” rating and issued a $37.00 target price on shares of Karman in a research report on Friday, March 27th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Citigroup boosted their price target on shares of Karman from $125.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Karman has an average rating of “Moderate Buy” and an average target price of $114.60.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.